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AutomaticZigZag

This is a non-parametric ZigZag providing 4 different methods of calculation.
  1. Upward edge continues on new bars while their `highs` are above highest `low` among previous bars, downward edge continues on next bars while their `lows` are below lowest `high` among previous;
  2. Gann swing: upward edge continues while `highs` and `lows` are higher than on the left adjacent bar, downward edge continues while `highs` and `lows` are lower than on the left adjacent bar. Inside bars (with lower `high` and higher `low`) and outside bars (with higher `highs` and lower `low`) do not affect edge direction;
  3. Weis wave: upward edge continues while `close` prices increase, downward edge continues while `close` prices decrease;
  4. Retracement by price % or Self-Adjusting Level.
In addition to zigzag itself (shown in orange color), the indicator shows signal marks on those bars where zigzag direction changes. The blue arrow up denotes that new bullish edge is started (but not yet completed), whereas the red arrow down denotes that new bearish edge is emerging (but not yet completed). This marks can be used as trading signals.


Parameters

  • Mode - one of supported methods: High below Low/Low above High, Gann swing, Close vs Close (Weis wave), Retracement;
  • ProcessTicks - an option to calculate ZigZag on every tick, by default - false; with this value, the last incomplete edge is not shown until it's formed comletely and new (hidden yet) edge is started; if the option is set to true, the last incomplete edge is shown on the chart and my be redrawn according to ongoing price action;
  • RetracementPercent - size of price retracement (%), which changes zigzag direction (used in Retracement or Close vs Close modes only); 0 by default means special auto-adaptive retracement algorithm (see below);


NOTE. As with any other ZigZag implementation, the indicator may redraw the last edge if it's not yet completed (and tick processing is enabled). This is by design. All previous edges and up/down marks are stable.


WARNING. While using the 1-st mode, the extremums may not always hit visually most prominent candles. This happens if a higher high or a lower low occurs on a bar where new edge is already forming in opposite direction. For example, if a down arrow mark is shown on the bar A, that means that downward edge is forming on the next bars to the right of A, and hence only lows are processed there for searching extremums. High extremum should remain standing to the left of A only. As a result, if a higher high is located between the bar A and next low extremum, the high can not be marked as high extremum (because it's a section of downward edge). This behaviour is intentional and ensures stability of already formed edges. This is according to the 1-st algorithm. Please, find an explanation on one of the screenshots below.


Auto-adaptive retracement level is calculated by the formula:

Retracement = LastExtreme ± |LastEdge| / sqrt(N + 1),

where N is a number of bars between the last extreme and current bar. On the current bar N = 0, hence the retracement size is equal to 1, that is the total size of the last edge. On single bar distance the size is about 0.71, on 3 bars - 0.5, on 8 bars - 1/3 of the last edge price change.




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A classic among classics: crossing of two moving averages with all kinds of alerts. Features Crossing of 2 Moving Averages (MAs) at closing of the last bar; Both MAs can be set for any of the following averaging methods: Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA), Linear-weighted Moving Average (LWMA); Both MAs can be also set for any averaging period and for any of the following prices: Close, Open, High, Low, Median, Typical or Weighted; Any
20 USD
Follow The Line PRO MT5
Oliver Gideon Amofa Appiah
Follow The Line PRO   FOLLOW THE LINE (PRO VERSION) This powerful indicator is the full and complete version of my free indicator called "Follow The Line". IT IS BASED ON the popular maxim that: "THE TREND IS YOUR FRIEND" It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. AVOID FALSE SIGNALS: BUY ONLY when price closes above the green line and the green line is above the blue channel. SELL ONLY when price closes below the pink
30 USD
Ticks Heiken Ashi
Andrej Nikitin
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks. Parameters: option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart. Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
10 USD
Pivot Points OnOff MT5
Fabrizio Malavasi
The Pivot Points On-Off  it's a useful indicator if you want a  clean chart  and to take a look to the indicator. You can choose if you want the indicator always shown or always hided while switching among different time frames or financial instruments . Starting from this initial condition it's possible to show/hide   the indicator just pressing the button or using the keyboard. The Pivot Points are calculated with Standard , Fibonacci , Camarilla , Woodie and Demark formulas. As a default f
30 USD
Double divergence scanner MT5
Jan Flodin
This  multi oscillator, multi time frame and multi symbol  indicator identifies when a divergence occurs between price and one, two or three indicators/oscillators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups. The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading .  For instance  this product
39 USD
FuTuRe 01 Phi Cubic Fractals Pack1
Claudio De Carvalho Aguiar
This product contains following indicators: (Lines + LineSAR + Channels + BTL + Ladder) Phi Lines  - special EMAs, similar to MIMAs from Phicube; Phi LineSAR  - erase and highlight Phi Lines in support or resistance. Similart to MIMASAR from Phicube; Phi Channels  - show support and resistance, similar to Phibo from Phicube (Green and Read Lines); Phi BTL  - candles color following Phi Lines alignment; Phi LADDER  - Indicator that allow you to visualize possible targets.  FUTURO Tool Future to
40 USD
FX Trend MT5
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long t
50 USD
BlueDigitsFx Spike And Strike Reversal MT5
Ziggy Janssen
* Breakthrough Solution For  Reversal  Trading And Filtering With All Important Features Built Inside One Tool! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Spike And Strike Reversal is a mixed oscillator that mixes the readings of a number of indicators, which makes it potential to precisely predict the development reversal. The Spike and Strike Reversal is composite and contains two modules, one among which is a fundamen
30 USD
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Versión 1.7 2020.09.24
- Check for symbol synchronization with server is added;
- For Gann swing mode one can specify number of bars with signal confirmations required to switch zigzag direction - just enter the number in RetracementPercent parameter (yes, it's multifunctional now and optionally can be used in 3 of 4 modes); 0 means existing behaviour (direction change upon single bar with lower low (if upward movement was in effect before this moment) or higher high (if downward movement was in effect)), 1 requires one additional bar, which meets the same requirement, 2 requires two, etc ("inside" and "outside" bars are not counted and simply skipped).
Versión 1.6 2020.09.10
Minor improvements and fixes.
Versión 1.5 2020.09.07
Minor bugfixes.
Versión 1.4 2020.09.07
Parameter RetracementPercent is in effect now for the mode Close vs Close (Weis wave).
Versión 1.3 2020.09.06
Publishing fix.
Versión 1.2 2020.09.06
New mode of wave calculation is added, based on retracement size, specified in percent or by auto-adaptive self-adjusting algorithm.
Versión 1.1 2020.09.06
New calculation mode is added, based on retracement size, specified in percent or by auto-adaptive self-adjusting algorithm.